Glanfield Holmlund is an established, independent firm of Chartered Surveyors specialising in commercial property matters

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FREEHOLD INVESTMENT FOR SALE LET TO WHOLLY OWNED SUBSIDIARY OF BAE SYSTEMS 11,250 sq ft - MODERN OFFICES

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Overview

ID: #3824
Type: Investment
Contract: Freehold
Location: Alton
Area: 11250sq ft

FREEHOLD INVESTMENT FOR SALE

LET TO WHOLLY OWNED

SUBSIDIARY OF BAE SYSTEMS

11,250 sq ft – MODERN OFFICES

Units 7 & 8 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT

  • Attractive, edge of Town, Business Park situation
  • Fully Let to In-Space Missions Ltd
  • Current rent £151,875 per annum exclusive
  • Pre-agreed rent review to £174,375 per annum exclusive from 6 September 2026
  • 10 year lease dating from 6 September 2021
  • Recent refurbishment works
  • Within 1/4 mile Mainline Railway Station (London Waterloo 1 Hour)
  • Easy Access to Main A31

Accommodation

(Measured in accordance with the RICS Code of Measuring Practice)

Unit 7 – 6,000 sq ft (557.4 sq m)

Unit 8 – 5,250 sq ft (487.7 sq m)

Total  – 11,250 sq ft (1,045 sq m)

Note: The Units are interconnected and occupied as one by the tenant under the terms of a single lease.

Rates

Interested parties are advised to contact the Rating Authority, East Hampshire District Council.

Lease

The accommodation is let to Messrs In-Space Missions Ltd on the basis of a 10 year lease from September 2021.  There is a pre agreed rent review to £174,375 at 6 September 2026 (currently £151,875).

There is a tenant option to determine the lease at 6 September 2026, subject to 6 months minimum prior written notice, and annually thereafter.

Terms

FREEHOLD with price guide on application.

Viewing

Strictly by appointment with Glanfield Holmlund, Telephone 01420 544117, Mob: 07785 346709 Email: glanfield.holmlund@talk21.com

Map

Map available on request
Misrepresentation act 1967: Whilst all the information in these particulars is believed to be correct neither the agents nor their clients guarantee its accuracy nor is it intended to form part of any contract. The areas quoted are approximate.
Finance act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lesees must satisfy themselves as to the incidence of VAT in respect to any transaction.
Anti Money Laundering: To comply with Anti Money Laundering Regulations, Glanfield Holmlund undertake ID checks for all successful purchasers and tenants where legislations require us to do so.